Chinese electric vehicle giant BYD is all set to roll out its first locally assembled car in Pakistan by July or August 2026, tapping into the country’s growing love for EVs and hybrids.
The plant near Karachi — a joint venture with Mega Motor Company (a Hub Power subsidiary) — started construction in April and will initially churn out 25,000 vehicles a year in double shifts. The first phase will use imported parts with some local production of non-electric components.
“We don’t see any excess stock piling up — Pakistan’s demand is rising fast,” said BYD Pakistan’s VP, Danish Khaliq.
BYD began selling imported EVs in March and has already beaten sales targets by 30%, with just a few hundred units. The company expects the EV and plug-in hybrid market in Pakistan to triple or quadruple by 2025 — and wants to grab a 30–35% slice of it.
In just one quarter (Jan–March 2025), BYD Pakistan made a tidy Rs. 444 million ($1.56 million) in profit.
This Friday, BYD is set to launch its Shark 6 plug-in hybrid pickup truck in Pakistan, entering a segment already featuring MG and soon, Haval. Plug-in hybrids are gaining ground due to the lack of charging stations — although the government has slashed EV charging rates by 45% to speed things up.